Question: If a company chooses the fair value option, a decrease in the fair value of the liability is recorded by crediting A) Bonds Payable. B)

If a company chooses the fair value option, a decrease in the fair value of the liability is recorded by crediting A) Bonds Payable. B) Gain on Restructuring of Debt. C) Unrealized Holding Gain/Loss-Income. D) None of these

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